Sasol Form 20-F for the year ended 30 June 2021 - Book - Page 110
(d)
Attestation report of the registered public
accounting firm
following such amendment or waiver. No such
amendments or waivers are anticipated.
The effectiveness of the company’s internal
control over financial reporting as of 30 June 2021 was
audited by PricewaterhouseCoopers Inc., an
independent registered public accounting firm, as stated
in its report on page F-1 of this Form 20-F.
The Code of Conduct is available on our
website. The website address is
https://www.sasol.com/sustainability/ethics/sasol-codeconduct. This website is not incorporated by reference
in this annual report.
(e)
Changes in internal control over financial
reporting
Except for the remediation procedures
implemented by the Company as described above, we
determined that there were no changes in the
company’s internal control over financial reporting,
including due to the effects of COVID-19 and moving
towards a remote working environment, during the year
ended 30 June 2020, which also extended to the year
ending 30 June 2021 that has materially affected, or is
reasonably likely to materially affect, the company’s
internal control over financial reporting.
We operate an independent ethics reporting
telephone line through external advisors. This
confidential and anonymous ethics hotline provides an
impartial facility for all stakeholders to report
deviations from ethical behaviour, including fraud and
unsafe behaviour, environmental misconduct or human
rights abuses. Our Code of Conduct and related policies
guide our interactions with all government
representatives. Our policy prohibits contributions to
political parties or government officials since these may
be interpreted as an inducement for future beneficial
treatment, and as interference in the democratic
process.
Item 16.A AUDIT COMMITTEE FINANCIAL
EXPERT
Item 16.C PRINCIPAL ACCOUNTANT FEES
AND SERVICES
Our Nomination and Governance Committee
is satisfied that all members of the Audit Committee
have the requisite financial expertise to serve as
members of the Audit Committee, and our board has
determined Ms GMB Kennealy, appointed as the
chairman of the Audit Committee with effect from 1
September 2021 upon the retirement of Mr C Beggs on
31 August 2021, to be a financial expert within the
meaning of the Sarbanes Oxley Act.
The following table sets forth the aggregate
audit and audit-related fees, tax fees and all other fees
billed by our principal accountants
(PricewaterhouseCoopers Inc.) for each of the 2021 and
2020 years.
Audit
fees
2021(1) . . . . . . . .
2020(1) . . . . . . . .
Item 16.B CODE OF ETHICS
Audit‑
All
related Tax
other
fees (4) fees (4) fees (4)
(Rand in millions)
128 (2) 0,2
142 (3)
1
7,4
1,2
—
0,3
Total
136
144
In August 2020, Sasol approved an update to
its current Code of Conduct. The Code of Conduct
adopts a behaviours-based approach which reinforces
the importance of linking our day-to-day actions to
Sasol’s shared values and our culture. The Code of
Conduct is further underpinned by policies and
guidance notes to enhance its everyday application. The
Code of Conduct applies to all our directors, officers
and employees, including the President and Chief
Executive Officer, Chief Financial Officer and the
Senior Vice President: Financial Control Services.
(1)
In respect of our audit committee approval process, all
non-audit and audit fees paid to PricewaterhouseCoopers
Inc. have been pre-approved by the audit committee.
(2)
Includes R35 million for the audit of the transaction
whereby Sasol sold 50% of its Base Chemicals business at
Lake Charles through the creation of the 50/50 owned LIP
JV LLC and audit fees of R4 million for the issue of
US$1,5 billion bonds in March 2021.
(3)
Included in 2020 is R32 million for the audit of the
independent review of the LCCP, commissioned by the
board.
Any amendment or waiver of the Code of
Conduct as it relates to our President and Chief
Executive Officer or Chief Financial Officer will be
posted on our website within five business days
(4)
The Audit Committee approved non-audit services of 6%
in relation to statutory audit fee.
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